Quick Answer. A limited government is a constitutional government with limited power and checks and balances in place whereas an unlimited government is an authoritarian and totalitarian government. The United States is an example of a limited government. Continue Reading
According to IAS 27, Subsidiary is defined as an entity over which the parent exerts control, i.e. the power to govern the financial and operating matters and to obtain benefits from its activities. In order to do this, the parent has to acquire a percentage of ownership exceeding 50% in the holding company.
â¢ Subsidiary is a separate business entity from the holding company and the relationship is that of a parent and child whereas in a joint venture, the relationship is that of equal or junior and senior partners. Related posts: 1  Difference Between Subsidiary and Division. 2  Difference Between Joint Venture and Partnership.n brief: Subsidiary vs Joint Venture. â¢ If a company wants to control operations of another company, it can either acquire majority of equity in that company to make it a subsidiary or it can form a joint venture with the company.